Technical analysis
Key price range:
Strong resistance level: 104,666.68 USDT
Support level: 88,061.80 USDT
Secondary support: 85,000 US
Long-short power comparison:
Commission ratio -0.41%: Sell orders slightly dominate, the market is under short-term pressure
Sell order accumulation: Large sell orders concentrated around 104,666.68, forming a significant pressure wall
Weak buy orders: Lower buy orders scattered from 95,000 to 88,061.80, insufficient support strength
Volume signal:
Large transaction price 104,666.68: Main funds are active at this price level, if unable to break through, it will trigger a pullback
Today's news impact
Potential positive news:
Continuous net inflow of Bitcoin ETF funds, institutional holdings announcements, etc.
Potential negative news:
Regulatory policies tightening, massive withdrawals from exchanges, macroeconomic risks
Suggested action: If there are negative news combined with resistance levels, the probability of a pullback is extremely high
Bollinger Bands trend analysis
Current position assessment:
Price is near the upper Bollinger Band at 104,666 USDT, usually indicating an overbought area
If the Bollinger Bands narrow → Indicates a change in trend is imminent
Opening expansion → Increased volatility
Long-short signal:
Bearish scenario:
Price touches the upper band and then retreats + sell orders accumulate → Short-term pullback to the middle band
Bullish breakout conditions:
Breakout above 104,666.68 and stabilize above the upper band → Opens up upward space to 110,000 USDT
Four crows suggestion
Short-term (1-3 days):
Resistance level below 104,666.68: Reduce positions or open shorts at high levels, stop loss set at 105,000 USDT
If there is a pullback: Pay attention to the 88,000–85,000 USDT area for phased long positions
Medium-term tracking:
Breaking through 105,000 USDT then turns bullish, target 110,000 USDT
Breaking below 88,000 USDT support then looks down to 85,000 USDT
Key verification indicators:
Volume changes: A breakout through resistance needs to be accompanied by increased trading volume
Bollinger Band pattern: Observe if the 20-day moving average at the middle band can provide dynamic support
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